- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
I am sorry to hear that. I hope you are healing.
Yes, you can. This is for out of pocket expenses. Here is how:
- Personal
- Deductions & Credits
- Medical
- Medical Expenses....start
FYI: If you are self-employed and pay health insurance premiums, you may be able to deduct up to 100% of the cost of these premiums. To enter expenses:
- Go to the Wages & Income section.
- Select Add/Edit next to your self-employment work income.
- Select Edit next to the line of work where you paid health insurance premiums.
- Under Expenses select Add expenses for this work.
- You’ll find Health insurance premiums under Less Common Expenses.
You can only deduct up to the amount of your self-employed income minus the deduction for self-employment tax. Any remaining self-employment health insurance premiums will automatically be transferred to Schedule A and be subject to limitations.
If you have other questions about this, ask in the comment section below.
June 4, 2019
8:06 PM